Companies including Nestle (NESN.S), Unilever (ULVR.L), Mahindra Group and Volvo Cars are urging political leaders to agree a timeline at the upcoming U.N. climate summit to phase out fossil fuels. The 131 companies, which have nearly $1 trillion in global annual revenues, wrote in a letter published on Monday that attendees at the COP28 summit must commit...
Wall Street is returning to climate talks that it largely snubbed last year, as the United Arab Emirates steps into the role of host. BlackRock Inc. Chief Executive Officer Larry Fink is among a string of finance heavyweights planning to attend the COP28 summit in Dubai that starts next month, according to people familiar with...
OP28 in November is being hosted by the United Arab Emirates (UAE), a major oil and gas producer. The COP President will be Sultan Al Jaber, the CEO of ADNOC, one of the world’s biggest oil companies. It’s attracted heavy criticism from many quarters. Robin Mills at the Center on Global Energy Policy reviews the contradictions inherent...
Climate change is traditionally regarded as an environmental issue. But climate change also threatens human rights, with material implications for investors. Climate change is one of the most pressing challenges of our time, but it’s often seen as strictly an environmental cause. We believe that needs to change. That’s because climate change is also a...
EU environment ministers scrapped a commitment to lift its greenhouse gas emissions reduction target after several countries held back during many hours of negotiations over the proposals thebloc will present to the upcoming UN climate summit. Poland, Hungary and Italy objected to a pledge to increase the bloc’s emissions reduction target from 55 per cent...
European Union countries’ climate ministers meet on Monday to decide the bloc’s negotiating position for this year’s COP28 summit – but they are still split over some key issues, like how hard to push for a global deal to phase out fossil fuels. The EU is typically one of the most ambitious negotiators at the...
‘We’re not paying enough attention’ say scientists studying pollinator loss in the tropics. Climate change and habitat loss are combining to dramatically shrink the numbers of insects pollinating key tropical crops. As those problems intertwine and intensify, it likely will hit coffee lovers right in the mug, according to a new study. And that one-two punch will...
The EU’s new climate commissioner has been criticised for backsliding on a commitment to push for a fossil fuel phase-out at the upcoming COP28 climate summit in Dubai, ahead of talks on Monday (16 October) where EU countries are expected to agree their stance. Dutchman Wopke Hoekstra was officially nominated on Monday (9 October), on...
A little more than a month remains before the start of the next United Nations Climate Summit, known as COP28, taking place in Dubai. But the already fraught talks are facing another potential obstacle: the threat of regional Mideast instability following Hamas’ terrorist attacks in Israel. Why it matters: At COP28, countries are tasked with weighing actions...
The results of this year’s “Epson Global Climate Barometer” are in, and it captures views of over 30,000 people in 39 countries, attempting to better understand global responses to climate change. The survey reveals that while globally more people now cite climate change as a major global issue over any other, the issue that seems...